David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 91 (1):1 - 19 (2010)
The debate on the influence of markets on virtues has focused on two opposite hypotheses: the doux commerce thesis and the self-destruction thesis. Whereas the doux commerce hypothesis assumes that capitalism polishes human manners, the self-destruction hypothesis holds that capitalism erodes the moral foundation of society. This paper will develop a more balanced position by using the virtue ethics developed by Aristotle, which distinguishes several virtues. The research will focus on the question for which virtues the doux commerce or self-destruction thesis is likely to hold. An extensive literature survey shows that market competition tends to stimulate diligence, crowd out temperance, generosity, and sociability, and stimulate envy. The effect on other virtues – i.e. courage, high-spiritedness, justice, and prudence – is ambiguous.
|Keywords||Aristotle capitalism competition doux commerce thesis free market market operation self-destruction thesis virtue ethics|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Roger Crisp (2003). Equality, Priority, and Compassion. Ethics 113 (4):745-763.
Johan J. Graafland (2002). Sourcing Ethics in the Textile Sector: The Case of C&A. Business Ethics 11 (3):282–294.
Johan Graafland, Bert van de Ven & Nelleke Stoffele (2003). Strategies and Instruments for Organising CSR by Small and Large Businesses in the Netherlands. Journal of Business Ethics 47 (1):45-60.
Jeffrey S. Harrison & James O. Fiet (1999). New CEOs Pursue Their Own Self-Interests by Sacrificing Stakeholder Value. Journal of Business Ethics 19 (3):301 - 308.
Citations of this work BETA
Albert D. Spalding & Alfonso Oddo (2011). It's Time for Principles-Based Accounting Ethics. Journal of Business Ethics 99 (S1):49-59.
George N. Gotsis & Zoe Kortezi (2010). Ethical Considerations in Organizational Politics: Expanding the Perspective. [REVIEW] Journal of Business Ethics 93 (4):497 - 517.
J. J. Graafland (2010). Calvin's Restrictions on Interest: Guidelines for the Credit Crisis. [REVIEW] Journal of Business Ethics 96 (2):233 - 248.
Kevin Morrell & Ian Clark (2010). Private Equity and the Public Good. Journal of Business Ethics 96 (2):249 - 263.
Johan J. Graafland & Bert W. Ven (2011). The Credit Crisis and the Moral Responsibility of Professionals in Finance. Journal of Business Ethics 103 (4):605-619.
Similar books and articles
Sarah Wright (2009). The Proper Structure of the Intellectual Virtues. Southern Journal of Philosophy 47 (1):91-112.
Marguerite Deslauriers (2002). How to Distinguish Aristotle's Virtues. Phronesis 47 (2):101-126.
Marguerite Deslauriers (2002). How to Distinguish Aristotle's Virtues. Phronesis 47 (2):101 - 126.
Rico Vitz (2009). Doxastic Virtues in Hume's Epistemology. Hume Studies 35 (1/2):211-29.
Christoph Jedan (2009). Stoic Virtues: Chrysippus and the Religious Character of Stoic Ethics. Continuum.
Ian Maitland (1997). Virtuous Markets. Business Ethics Quarterly 7 (1):17-31.
Robert C. Roberts (1992). Emotions Among the Virtues of the Christian Life. Journal of Religious Ethics 20 (1):37 - 68.
Aditi Gowri (2007). On Corporate Virtue. Journal of Business Ethics 70 (4):391 - 400.
David S. Oderberg (1999). On the Cardinality of the Cardinal Virtues. International Journal of Philosophical Studies 7 (3):305 – 322.
Added to index2009-04-20
Total downloads21 ( #96,625 of 1,692,887 )
Recent downloads (6 months)1 ( #193,926 of 1,692,887 )
How can I increase my downloads?